BorgWarner Inc. (NYSE:BWA - Get Free Report) CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
BorgWarner Stock Performance
NYSE:BWA opened at $28.57 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a twelve month low of $27.90 and a twelve month high of $38.23. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a 50-day moving average of $30.84 and a 200-day moving average of $32.82.
BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.
BorgWarner Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Monday, March 3rd. BorgWarner's dividend payout ratio is presently 30.77%.
Institutional Trading of BorgWarner
A number of hedge funds have recently bought and sold shares of BWA. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of BorgWarner in the fourth quarter worth approximately $9,286,000. American Trust lifted its position in shares of BorgWarner by 11.7% in the fourth quarter. American Trust now owns 11,897 shares of the auto parts company's stock worth $378,000 after purchasing an additional 1,243 shares in the last quarter. Forum Financial Management LP lifted its position in shares of BorgWarner by 26.4% in the fourth quarter. Forum Financial Management LP now owns 8,144 shares of the auto parts company's stock worth $259,000 after purchasing an additional 1,702 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in BorgWarner in the fourth quarter worth approximately $3,722,000. Finally, Neo Ivy Capital Management acquired a new position in BorgWarner in the fourth quarter worth approximately $188,000. 95.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on BWA shares. Barclays lowered their price target on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Morgan Stanley lowered their price target on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, Guggenheim set a $38.00 target price on shares of BorgWarner in a research report on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, BorgWarner has an average rating of "Moderate Buy" and an average target price of $39.73.
Check Out Our Latest Analysis on BWA
About BorgWarner
(
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BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.
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